• The Fintech Files

The Fintech Files: Binance faces regulator’s wrath, Treasury scraps NFT plans

Fintech Files rounds up what's going on in fintech and crypto this week

Binance boss ‘CZ’ Zhao has been accused of ignoring regulatory requirements by the CFTC

Pedro Fiuza/Getty Images

The US crypto crackdown just ratcheted up a notch. 

This time Binance, and its talismanic founder, Changpeng ‘CZ’ Zhao, are in the crosshairs of authorities. It may be the most significant regulatory intervention into the crypto industry yet.

On 27 March, the Commodity Futures Trading Commission said it was suing the world’s biggest crypto...